The University of Michigan approved $245 million in partnership investments for its $17 billion endowment fund at a recent board meeting, according to meeting minutes.
Allocations were made across a variety of alternative investment strategies including co-investments. They co-investments were with: RF Investment Partners ($40 million); Cresta ($135 million); Eclipse Ventures ($15 million); HCP ($10 million); Rubicon Point ($15 million).
Officials also approved a $30 million commitment to Y Combinator sponsored investment vehicles and a direct private equity investment of $10 million in an Equity Group Investments (EGI)-sponsored vehicle, which is a . . .
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